The typical asking rate per listing is in the $20's per square foot per year. The Baymeadows submarket is going through a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Jacksonville market, the Baymeadows region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 24,670 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this market were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Baymeadows occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.